Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.

Carvana Co.

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Property and Equipment, Net

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Goodwill

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Long-Term Debt, Excluding Current Portion

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Temporary Equity - Class C Redeemable Preferred Units

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Class a Convertible Preferred Stock, $0.01 Par Value, $1,000 Liquidation Value per Share

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Class A Common Stock

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Class B Common Stock

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Inventories

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Revenue

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	2,142	1,857	1,858	1,716	871	542
Cash and Cash Equivalents
Total Cash and Cash Equivalents	2,142	1,857	1,858	1,716	871	542
Accounts Receivable	352	320	369	303	363	349
Accounts Receivable, Net
Other Receivables	724	767	737	612	553	758
Finance Receivables Held for Sale, Net
Total Trade Receivables	1,076	1,087	1,106	915	916	1,107
Inventories	2,316	2,023	1,503	1,608	1,305	1,221
Vehicle Inventory
Other Current Assets	731	706	670	630	673	607
Restricted Cash
Beneficial Interests in Securitizations
Other Current Assets, Due from Related Parties
Total Current Assets	6,265	5,673	5,137	4,869	3,765	3,477
Total Current Assets
Net Property, Plant & Equipment	3,165	3,152	3,173	3,213	3,278	3,333
Property and Equipment, Net
Operating Lease Right-of-Use Assets, from Leases with Related Parties
Net Intangible Assets	35	32	35	34	39	43
Intangible Assets, Net
Goodwill	3	2	2	—	—	—
Goodwill
Other Long-Term Assets	385	507	531	368	286	317
Other Assets, Due from Related Parties
Other Assets
Total Assets	9,853	9,366	8,878	8,484	7,368	7,170
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	1,012	893	836	856	772	742
Accounts Payable and Accrued Liabilities
Accounts Payable Due to Related Party
Accounts Payable and Accrued Liabilities, Due to Related Parties
Short-Term Debt	73	72	64	67	76	72
Short-Term Revolving Facilities
Current Portion of Long-Term Debt	320	312	308	309	209	203
Current Portion of Long-Term Debt
Other Current Liabilities	143	140	139	106	102	101
Other Current Liabilities, Due to Related Parties
Total Current Liabilities	1,548	1,417	1,347	1,338	1,159	1,118
Total Current Liabilities
Long-Term Debt	4,810	5,323	5,269	5,256	5,431	5,428
Long-Term Debt, Excluding Current Portion
Verde Credit Facility
Other Long-Term Debt, Excluding Current Portion
Leases	402	402	402	414	429	444
Operating Lease Liabilities, Excluding Current Portion, from Leases with Related Parties
Other Long-Term Liabilities	142	107	87	101	63	65
Other Liabilities, Due to Related Parties
Total Long-Term Liabilities	5,354	5,832	5,758	5,771	5,923	5,937
Total Liabilities	6,902	7,249	7,105	7,109	7,082	7,055
Total Liabilities

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Preferred Stock	—	—	—	—	—	—
Class a Convertible Preferred Stock, $0.01 Par Value, $1,000 Liquidation Value per Share
Common Stock	—	—	—	—	—	—
Class a Units
Class A Common Stock
Class B Common Stock
Additional Paid-in Capital	3,145	2,747	2,704	2,676	2,106	2,106
Additional Paid-in Capital
Retained Earnings	-866	-1,017	-1,200	-1,416	-1,495	-1,580
Retained Earnings
Members' Equity
Total Common Shareholders' Equity	2,279	1,730	1,504	1,260	611	526
Total Stockholders' Equity Attributable to Carvana Co.
Minority Interests and Other	672	387	269	115	-325	-411
Temporary Equity - Class C Redeemable Preferred Units
Non-Controlling Interests
Total Shareholders' Equity	2,951	2,117	1,773	1,375	286	115
Total Members' Equity
Total Liabilities and Shareholders' Equity	9,853	9,366	8,878	8,484	7,368	7,170
Total Liabilities & Stockholders' Equity